RBI’s Working Group is changing the financial terrain with new norms for Digital Lending that will improve secure transactions.
RBI’s working group has proposed a new PCA framework for NBFCs to ensure better entity resilience and market discipline
RBI reduces redundancy by withdrawing over 100 circulars citing non-essentiality following the RRA recommendations
An article on how RBI’s new financing strategy, the Co-Lending Model brings banks, NBFCs and even HFCs to work together and help the working class.
How RBI’s new Account Aggregator initiative plays into the payment services and India’s financial industry as a whole while making processes easier.
Introduction
Between the years 1990 and 2018, the social security and welfare revenue expenditure of India was more than INR1.6 trillion. Observers point out that much of this did not reach the beneficiaries as mediators consumed the lion’s share. The central government…
In recent times, wallets and UPI have taken over the Indian digital payment ecosystem. Since its introduction in 2016 by the National Payments Corporation of India (NPCI), UPI has changed the payments paradigm.
But even as the reduction of friction in payments…
Digitization has transformed the way customer onboarding was done. With online video KYC, banks are now able to reduce customer friction and automate the onboarding process. Let’s dive deeper to understand more about video KYC
You may already know, but ‘KYC’ short…
We are living in a world packed full of automated solutions to problems. When you want to go shopping, just visit an online marketplace like Amazon or eBay and you’re good to go. You have chosen something that you wish to purchase…
Digital KYC verification has made CASA banking really simple. Let’s understand how....
A current account savings account (CASA) is a combination of the features of savings and current accounts. It enables customers to keep their money in the bank. It provides very low…
